San Jon at a glance
- Population: 190 — 88th in New Mexico, which has 105 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 195 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 2.6% since the 2020 count (US Census Bureau).
- Rank among New Mexico places: 88th-largest of 105 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 16% of the Census places in New Mexico (US Census Bureau).
- Coordinates: 35.1113 latitude, -103.3363 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Logan, NM (18 mi); Tucumcari, NM (21 mi); Clovis, NM (47 mi); Friona, TX (48 mi); Bovina, TX (48 mi) (US Census Bureau populations).
- Smaller places close by: Grady, NM (20 mi); Adrian, TX (39 mi); House, NM (45 mi) (US Census Bureau).
What a personal loan costs in San Jon
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
New Mexico lending rules that apply in San Jon
The table carries the New Mexico rate and licensing rules that apply to consumer loans made in San Jon.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Lenders making Bank Installment Loan Act loans (other than federally insured depositories) must be licensed under the Small Loan Act (2022 requirement) Source says: "a new requirement for lenders making loans under the BILA (other than a federally insured depository institution) to be licensed under the SLA" | New Mexico Legislature (Legislative Finance Committee fiscal impact report) as of 2026-09-16 |
| State lending regulator | New Mexico Financial Institutions Division (FID), Regulation and Licensing Department Source says: "We regulate a variety of financial institutions operating in New Mexico including:" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Small loan company licensing/regulation | Small loan companies are a regulated institution category of the Financial Institutions Division Source says: "Small Loan Companies" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 15% annually absent a written contract fixing a different rate (NMSA 1978, 56-8-3) Source says: "The rate of interest, in the absence of a written contract fixing a different rate, shall be not more than fifteen percent annually" | New Mexico Compilation Commission (NMOneSource, official NMSA) as of 2026-09-16 |
| Payday lending status | Payday-style small loans capped at 36% APR (HB 132 of 2022; effective January 1, 2023; cap rises only if prime rate exceeds 10% for three consecutive months) Source says: "a permitted annual percentage rate greater than thirty-six percent, calculated pursuant to 12 CFR Part 1026" | New Mexico Legislature as of 2026-09-16 |
How to compare offers in San Jon
These steps are the ones that most affect the offer you receive in San Jon:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New Mexico using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.